3. ABI Multifamily announced the $22.35M sale of Casa Bellisima Apartments in Glendale. The buyer was 3rd Ave Investments. The seller was a joint venture between EBEX Holdings and Monument Capital Management. The multifamily brokerage team of Alon Shnitzer, John Kobierowski, Rue Bax, Eddie Chang and Doug Lazovick represented both the buyer and seller.

4. Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Wilshire Pines, a 173-unit multifamily asset in Tempe. The property sold for $22.25M. IPA’s Steve Gebing and Marcus & Millichap’s Cliff David represented the seller, Tonti Properties, and procured the buyer, Sheiner Group.

5. Berkadia announced the cash sale of The Place on 51st, a townhome-style multifamily property in Glendale. Mark Forrester, Ric Holway and Dan Cheyne of Berkadia’s Phoenix office led the $15.5M sale on behalf of the seller, MPC Development.

7. The 197-unit Wilmot Vista apartments, located at 3225 S. Wilmot Road, Tucson, sold for $8.8M. Wilmot Apartments Enterprises LLC, a private real estate investor, was the buyer. Wilmot Apartments Enterprises LLC, an entity formed by Interurban Companies, was the seller. Bill Hahn, Trevor Koskovich and Jesse Hudson of NorthMarq Multifamily in Phoenix represented the seller and procured the buyer.

8. ABI Multifamily announced the $5.7M sale of Los Olivos Condominiums in Phoenix. The buyer is a California based private investor. There were 15 individual sellers from Canada, California, Arizona and France. The multifamily brokerage team of Ryan Smith, Royce Munroe, John Klocek, Patrick Burch, and Nathan Bruer represented both the buyer and sellers.

9. The 18-hole Golf Club at Vistoso was bought by longtime course operator Alan Mishkin via the Parks Legacy Project out of escrow Aug. 15. The group purchased the Tom Wiskopf-designed championships links course for $3.5M, with the operator estimating another $2.5M to be spent on rebuilding and replacing the facility’s aging infrastructure.

11. Marcus & Millichap announced the sale of Second Street Homes, a seven-unit apartment property in Tucson, for $2.32M. Hamid Panahi and James K. Crawley, investment specialists in Marcus & Millichap’s Tucson office, marketed the property on behalf of the seller, a limited liability company, and secured and represented the buyer, a private investor.

12. Summer Cove, 1941 W. Morten Ave., Phoenix, was sold for $2.15M. The property features 20 apartment units. The community was purchased by Tenants in Common: Geiger Properties I LLC, Geiger Properties VI LLC, Sally Geiger, and Franklin 2000 Properties I LLC, based in Huntington Beach, CA. They purchased the property from private investors based in Los Gatos, CA. Chris Roach and Matt Roach of Colliers International in Greater Phoenix handled the transaction.

14. CBRE has arranged the sale of Broadstone Arts District, a 280-unit, Class A mid-rise apartment community at 222 E. McDowell Road in Central Phoenix. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the sellers, The Carlyle Group and Alliance Residential Company. The buyer is Green Leaf Partners Management. Terms of the sale were not disclosed.

Lease Transactions

15. The Opus Group announced the recently completed speculative warehouse and distribution building at its Goodyear Crossing Industrial Park in Goodyear is 100 percent leased to a national pet food producer. The company will occupy the entire 540KSF development on a long-term basis, representing the largest industrial lease in greater Phoenix this year, the group claims.